Executive Order Imposes Additional Sanctions on Syria: Prohibits U.S. Persons From Engaging In Transactions or Dealing with Government of Syria

Executive Order Imposes Additional Sanctions on Syria: Prohibits U.S. Persons From Engaging In Transactions or Dealing with Government of Syria

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On Aug. 18, 2011, President Obama imposed additional sanctions against the government of Syria by signing his third Executive Order on the issue this year. Like the others, this Order adds to those sanctions imposed on Syria in 2004. However, the Aug. 18 order prohibits U.S. financial entities and persons from engaging in transactions or dealings with the government or its agencies, instrumentalities and controlled entities. It also bans the importation of Syrian-origin petroleum or petroleum products and prohibits any U.S. person from engaging in transactions relating to Syrian petroleum or petroleum products.